Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
The company said that price cuts helped lure more shoppers, but they still spent less in stores and online.
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Then there was the annual forecast.
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Earlier this year, the company had shown some positivity, raising its profit estimates and saying its sales were looking up.
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This week, Target reversed course and cut its full-year forecast for sales and profit.
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And remember, this is all happening as Target heads into the crucial holiday shopping season.
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So the results were disappointing in and of themselves, but adding insult to injury is the contrast we saw between Target's quarter and Walmart's, which also reported this week.
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Walmart said it had a great start to the holiday season, with its U.S.
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comparable sales beating expectations, rising 5.3% in the latest quarter.
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Target's comparable sales missed expectations and grew just 0.3%.
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So it really was the tale of two retailers.
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And a tale of two very different stock moves.
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While Walmart shares gained 3% on Tuesday, the day of its earnings, and ended the week up more than 7%, Target shares dropped 21% Wednesday and notched a 17% drop for the week.
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And not for nothing, but this is also reminding me that I really need to start my holiday shopping.
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Next, the latest twist in the antitrust saga between the DOJ and Alphabet's Google weighed on the stock this week.
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Back in August, the US won its case against Google.
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And on Wednesday, the Justice Department said that Google should break up with Chrome and be forced to sell its extremely popular browser as a remedy to its online search monopolization.
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The proposal also affects Google's Android mobile operating system, forbidding the company from giving preferential access to its search engine on Android devices.
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Both Chrome and Android have been central to Google's fortunes over the past two decades, so these would be some big blows to the company.
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Google's president of global affairs said it was a, quote, wildly overbroad proposal, and that Google would file its own proposed remedy to the court in December.
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And as a result, Alphabet shares lost about 4.6% Thursday, and the stock was the worst performer in the S&P that day.
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Showing 481–500 of 2,691 · page 25 of 135
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